U.S. Markets React to Trump Tariffs and White House Rumors

The U.S. stock market experienced significant volatility on April 7, 2025, as investors reacted to a series of developments related to former President Donald Trump's proposed tariffs and rumors emanating from the White House. Futures plunged, with the S&P 500 teetering on the brink of bear territory, amid a broader market rout.

The turmoil was exacerbated by speculation about a 90-day pause on Trump's tariffs, which led to jittery stock markets. However, the White House swiftly dismissed these rumors as 'fake news,' further contributing to the day's market instability. The administration's statement did little to calm investors, who were already on edge due to the ongoing trade tensions.

CNBC reported live updates on the situation, highlighting the impact of the proposed tariffs on various sectors, including cryptocurrencies. The uncertainty surrounding the tariffs and the White House's response underscored the fragile state of the U.S. economy, as investors grappled with the potential implications of these policy shifts.

• CNBC
• Donald Trump
• S&P 500
• White House

Detailed

Wall St resumes slide after White House denies report of tariff pause

12 hours ago

- reuters

White House shoots down rumors of 90-day tariff pause as Trump allies brush off recession fears

12 hours ago

- finance

Shocking swings hit Wall Street after its already shocking drops as US stocks careen amid rumors

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- apnews

Stocks Whipsaw on Tariff Headlines

1 day ago

- wsj

Stock market goes haywire with massive swings after ‘fake news’ reports about future of Trump’s tariff plan

12 hours ago

- independent